Mumbai: Amid stock market volatility, funds inflow into equity mutual fund schemes dwindled in December. According to Association of Mutual Funds of India (Amfi) data released on Tuesday, net inflows into equity mutual fund schemes fell to 23-month low at ₹6,606 crore in December, steepest flow since February 2017 which was at ₹6,462 crore. Net inflow to equity mutual fund schemes in December is down 21.48% from previous month and 58.94% from last year. Singh, executive director and chief marketing officer at SBI Mutual Fund, there could be two reasons for decline in inflow of funds into equity schemes. According to Amfi data, total amount collected through SIPs in December was ₹8,022.33 crore, up from ₹7,984 crore in November.

Source: Mint January 08, 2019 14:48 UTC